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1. Explain how the economic crisis ‘offers a variety of opportunities and threats and should not be seen as homogeneous economic crisis'.
2. Choose two firms in the leisure and tourism sector and analyse how they might be affected by the following scenarios:
(a) A rise in interest rates.
(b) A fall in unemployment.
(c) A fall in the exchange rate.
(d) A rise in inflation.
3. Which two of these represent the most likely scenario for the next 2 years?
In your own words, summarize the article, "Tourism Investment Monitor," by Tourism Research Australia, May 2015. In particular, what are the main messages of the article?
we constructed in class the exponential function ex with the property that dexdx ex. we also defined lnx as the
The cost function for a firm is given by TC = 6,000 + 12.5Q. The firm sells output in a perfectly competitive market and other firms in the industry sell at a price of P = 25 - 0.5Q. (i) What level of output should be produced to maximize profits?
A flood control project with a life of 15 years will need an investment of $250,000 and annual maintenance costs of $20,000. The project will provide no benefits for the first two years however will save $60,000 per year in flood damage starting in t..
Compare the movement from b to c and from e to f. What do you notice about opportunity cost? Explain and how can an economy achieve points that are outside the production possibilities curve?
Should the firm shutdown immediately when the total fixed cost equals $1,000,000? Should the firm shut down immediately when the total fixed cost equals $3,000,000?
The demand in Japan for new automobiles is elastic and sensitive to market prices. Given that, describe the effect of each of the following on the quantity demanded or the demand for new autos in Japan
Should Auto-Mart implement a do-it-yourself or do-it-for-me business emphasis? Support your selection with analysis and details.
wyandotte chemical company sells various chemicals to the automobile industry. wyandotte currently sells30000 gallons
ibm purchased computer chips from nec a japanese electronics concern and was billed yen250 million payable in three
consider the case of a single polluter and regulator. the regulator knows the marginal benefit of pollution abatement
you are the manager for dunkin donuts and know the following
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